The Art Gallery is notoriously known as a slow-payer. The firm currently needs to borrow $25,000 and only one company will loan to them. The terms of the loan call for weekly payments of $500 at a...


The Art Gallery is notoriously known as a slow-payer. The firm currently needs to borrow $25,000 and only one company will loan to them. The terms of the loan call for weekly payments of $500 at a weekly interest rate of .45%. What is the loan term?






























A
42.5 weeks

B
43.33 weeks

C
45.00 weeks

D
50.11 weeks

E
56.77 weeks




Jun 02, 2022
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